MOU EXECUTED WITH CANMAX FOR SPODUMENE OFFTAKE FROM LEI PROJECT
Commenting on the MOU, Executive Chairman, Dr Bin Guo, said:
“The MOU announced today with a global leader in downstream lithium processing, Canmax, serves as a significant endorsement of the resource at Lei, and a validation of the potential of our broader Bynoe Lithium Project.
We are excited to have achieved this first step in a partnership with Canmax to advance our Lei Project towards production. An initial DSO operating pathway has the potential to generate early cash flows in support of continued high-impact exploration and development. This enables pursuit of our goal of becoming a long-term supplier of spodumene concentrate to the expanding lithium battery market. As a starter operation, Lei offers numerous potential advantages, such as expected low upfront capital requirements, minimal environmental impact, and a simple approach for permitting and mine construction.”
